Hong Kong shares break 3-day losing streak on global rebound

miércoles 29 de junio de 2016 04:17 GYT
 

June 29 (Reuters) - Hong Kong stocks tracked global markets higher on Wednesday, breaking a three-day losing streak, as panic triggered by the Brexit vote slowly eased.

The Hang Seng index rose 1.3 percent, to 20,436.12 points, while the China Enterprises Index gained 0.4 percent to 8,571.44.

Market sentiment was bolstered by rebounds in Europe and on Wall Street as investors start bargain hunting in the wake of heavy selling after Britain's vote to leave the European Union late last week.

Nearly all sectors rose, with IT and energy shares leading the gain.

But the Hong Kong-listed shares of China Vanke fell 2.1 percent to 1-1/2 year lows as a power struggle between the developer's management and major shareholders continued to dent investor confidence. (Reporting by Samuel Shen and Nathaniel Taplin; Editing by Kim Coghill)